Mich. Comp. Laws § 38.1640b
This is the official text of Mich. Comp. Laws § 38.1640b, part of Michigan’s Comp. Laws — part of the compiled statutory law of Michigan, published by the state as "Comp. Laws." Browse the sections below, each linked to its official government source.
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Recalculation of retirement allowance.
Official statutory text
Sec. 40b.
The retirement system shall recalculate each retirant's or beneficiary's retirement allowance who retired under section 26 based upon the definition of last 2 years of service added under section 3(10) by the amendatory act that added this section. If the recalculation results in an increased retirement allowance, the retirant or beneficiary is eligible to receive the recalculated retirement allowance beginning the first day of the month following the month that this section takes effect.
History: Add. 2000, Act 374, Imd. Eff. Jan. 2, 2001
The retirement system shall recalculate each retirant's or beneficiary's retirement allowance who retired under section 26 based upon the definition of last 2 years of service added under section 3(10) by the amendatory act that added this section. If the recalculation results in an increased retirement allowance, the retirant or beneficiary is eligible to receive the recalculated retirement allowance beginning the first day of the month following the month that this section takes effect.
History: Add. 2000, Act 374, Imd. Eff. Jan. 2, 2001
Status: in_force · Read it on the official government site
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